WHAT TO EXPECT DURING THIS PROCESS?
WHY IS THE PRE-APPROVAL THE FIRST STEP?
WHAT IS A REFINANCE AND WHAT ARE THEY USED FOR?
The Complete Home Buying Process
Understanding Your Credit Score
Understanding Your Property Inspection
STEP 1
Get Pre-Qualified
Before you start looking for a house come in and see how much you are qualified for and set goals for where you need to be when your dream home becomes available. After this is done you will receive a pre-approval letter.
STEP 2
Go house shopping
Now that you have your pre-approval letter its time to go shop. If you are working with a realtor they can begin showing you homes and submitting offers. If you don't have a realtor I would be happy to put you in touch with one.
Offer accapted!
Your offer was accepted, but you're not done yet. Now we gather all of the remaining documentation we need to get your loan closed.
WEEK 1
Day 1.
Day 2 - 3.
Loan terms and rate lock secured, initial disclosures and appraisal ordered.
Day 4 - 7.
WEEK 2
Day 7 - 10
Any additional underwriting review.
Day 11 - 14.
Working together to satisfy any underwriting conditions.
WEEK 3
Day 14 - 16
Finalize any outstanding underwriting conditions.
Day 16 - 18
Day 18 - 19
Final review prior to the closing.
Day 20 - 21
Close. Congratulations on your new home!!! Get the keys and celebrate!
Final approval issued. Closing documents sent.
Your loan has already been pre-underwritten.
Underwriting review.